Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$110,235$110,235$254,699
Remaining term (yrs)19.619.630.0
Secondary amount$0$144,464$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.511%7.560%
1st payment$656.84$656.84$1,749.61
2nd payment$0.00$963.10$0.00
Taxes / mo$245.17$245.17$245.17
Insurance / mo$150.00$150.00$150.00
MI / mo$100.96$100.96$50.94
HOA / mo$310.00$310.00$310.00
Total monthly$1,462.97$2,426.06$2,505.71
Cash to close$172,764$28,300$28,300